Average Ratings 0 Ratings
Average Ratings 0 Ratings
Description
Parallel aims to revolutionize decentralized finance (DeFi) by creating a highly secure and user-friendly platform that grants everyone access to essential financial services. By simply providing assets, users benefit from optimized yields without the complexities typically associated with DeFi, all in a secure and decentralized environment. Our innovative approach introduces a unique financial instrument for staked DOT, enabling users to earn interest through staking while retaining liquidity, thus avoiding lockups and protracted unlocking processes; this instrument will be known as xDOT. With xDOT, lenders can generate interest income, while borrowers can leverage their DOT to obtain loans denominated in stablecoins, eliminating the need to sell their DOT. The Parallel lending protocol implements a pool-based strategy to aggregate assets supplied by users, facilitating a DOT, sDOT, and USDT pool where participants can deposit their assets and earn competitive interest rates. This comprehensive lending solution not only enhances liquidity but also encourages broader participation in the DeFi ecosystem. Ultimately, Parallel is committed to making financial services more accessible and efficient for everyone involved.
Description
Selected by a decentralized group of motivated individuals, our approach focuses on maximizing returns through strategic yield-generating methods that operate seamlessly in the background. With a fully automated system encompassing staking, lending, and yield-farming, accessibility is a key feature. By utilizing the community Oven, you can reduce minting gas costs by an impressive 97%. Our platform boasts secure architecture and thoroughly audited contracts, ensuring safety and reliability. We have completely restructured our governance system to prioritize token holders, allowing them to vote on important DAO issues and receive monthly compensation for their contributions. Our financial products are designed to fulfill their promises, enabling portfolio diversification while enhancing your earnings. Additionally, we are committed to taking an active role in managing our treasury, with the goal of generating increased revenue from liquidity pools across platforms such as Balancer, Uniswap, Curve, and Sushiswap, ultimately benefiting all stakeholders involved. This approach not only strengthens our financial foundation but also fosters a collaborative environment for the community.
API Access
Has API
API Access
Has API
Integrations
MetaMask
1inch
Avalanche
Chainlink
CoinMarketCap
Compound
DeepDAO
Ethereum
Kusama
Loopring
Integrations
MetaMask
1inch
Avalanche
Chainlink
CoinMarketCap
Compound
DeepDAO
Ethereum
Kusama
Loopring
Pricing Details
No price information available.
Free Trial
Free Version
Pricing Details
No price information available.
Free Trial
Free Version
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
Vendor Details
Company Name
Parallel
Founded
2021
Website
parallel.fi/
Vendor Details
Company Name
PieDAO
Founded
2020
Website
www.piedao.org